SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST – Get Free Report) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 7,202 shares, a growth of 100.9% from the July 30th total of 3,585 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 58,227 shares, the short-interest ratio is presently 0.1 days.
SPDR SSgA Ultra Short Term Bond ETF Stock Performance
SPDR SSgA Ultra Short Term Bond ETF stock traded down $0.02 during trading on Friday, reaching $40.38. 46,133 shares of the company were exchanged, compared to its average volume of 109,729. The stock’s 50 day simple moving average is $40.36 and its two-hundred day simple moving average is $40.42. SPDR SSgA Ultra Short Term Bond ETF has a 52-week low of $40.20 and a 52-week high of $40.72.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of ULST. Geneos Wealth Management Inc. purchased a new stake in shares of SPDR SSgA Ultra Short Term Bond ETF in the first quarter valued at about $37,000. Continuum Advisory LLC purchased a new position in SPDR SSgA Ultra Short Term Bond ETF during the second quarter worth about $45,000. Ameritas Advisory Services LLC acquired a new position in SPDR SSgA Ultra Short Term Bond ETF in the 2nd quarter valued at about $88,000. Wells Fargo & Company MN boosted its holdings in SPDR SSgA Ultra Short Term Bond ETF by 280,500.0% in the 4th quarter. Wells Fargo & Company MN now owns 2,806 shares of the company’s stock valued at $114,000 after purchasing an additional 2,805 shares during the last quarter. Finally, Private Advisor Group LLC acquired a new position in SPDR SSgA Ultra Short Term Bond ETF in the 3rd quarter valued at about $226,000.
About SPDR SSgA Ultra Short Term Bond ETF
The SPDR SSgA Ultra Short Term Bond ETF (ULST) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that aims to maximize income and preserve capital using USD-denominated fixed-income securities with maturities ranging from 6 to 18 months and durations of 3 to 6 months. ULST was launched on Oct 9, 2013 and is managed by State Street.
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